U.S. retail catch-up, Asos magic, Benetton handover, H&M expansion, Hanneli Mustaparta

American Eagle Outfitters Autumn/Winter 2012 | Photo: Nagi Sakai

U.S. retailers play catch-up in fashion speed race (Reuters)
“After years of losing customers to Europe-based retailers that give young shoppers fresh fashions more quickly, U.S. clothes retailers are fighting back.”

A Magic Formula: Recession-proof collections from Asos (Independent)
“Few brands are posting a rise in sales right now, let alone an increase of almost 50 per cent. But the online fashion and beauty site Asos.com has performed consistently well throughout the credit crunch and continues to thrive, even in the face of the dreaded double dip.”

Luciano Benetton hands over fashion empire to his son (Telegraph)
“Luciano Benetton, founder of the Italian fashion empire that bears his name, has announced he is handing control of the business he helped start 47 years ago to his eldest son Alessandro, who will take charge this week.”

H&M’s Expansion in Latin America Begins in Mexico (Forbes)
H&M is taking its first steps into Latin America. Later this year, the Swedish fast fashion retailer will its first location in Mexico City’s Centro Santa Fe mall.”

Who’s that girl? Hanneli Mustaparta (Telegraph)
“Norwegian street style titan Hanneli Mustaparta is a model-turned-photographer, blogger, stylist and DJ. It’s easy to dismiss her as yet another all-singing, all-dancing, multi-tasking model, but for her eponymous blog, which American Vogue reports “sees more traffic than a SoHo sidewalk on a Saturday afternoon”, each post prompting hundreds of rapturous comments.”